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At 449.7 million barrels, U.S. crude oil inventories are slightly above the five year average for this time of year. Total motor gasoline inventories increased by 1.8 million barrels from last week and are about 2% below the five year average for this time of year. Both finished gasoline and blending components inventories increased last week. Nov 15, 2023 · Crude inventories rose by 3.6 million barrels in week to Nov. 10 to 421.9 million barrels, compared with analysts' expectations in a Reuters poll for a 1.8 million-barrel rise. Crude oil prices moved higher today after the U.S. Energy Information Administration reported a crude oil inventory draw of 3.4 million barrels for the week to March 25. This compared with a ...At 449.7 million barrels, U.S. crude oil inventories are slightly above the five year average for this time of year. Total motor gasoline inventories increased by 1.8 million barrels from last week and are about 2% below the five year average for this time of year. Both finished gasoline and blending components inventories increased last week. Mar 7, 2023 · Crude oil inventories in the United States slipped this week, with a 3.835 million barrel decrease, the American Petroleum Institute (API) data showed on Tuesday, bringing the total number of ... U.S. Crude Oil Production, Imports, Exports, Stocks, Supply, Prices, Data and Analysis from Energy Information Administration (U.S. Dept. of Energy)Spencer Kimball Fri, Dec 1st 2023. We need to build a new energy system while keeping the old one, Equinor CEO says. Fri, Dec 1st 2023. Oil prices could reach $100 a barrel 2024 if OPEC+ members ...Crude oil prices moved lower today, after the Energy Information Administration reported an estimated inventory increase of 1.6 million barrels for the week to November 24. This compared with a ...Benchmark crude oil prices are back below pre-war levels and refined product cracks have now come off all-time highs after rising supplies coincided with a marked slowdown in oil demand growth in advanced economies. Moreover, an unprecedented reshuffling of global trade flows and two consecutive emergency stock releases by IEA member countries in …Crude oil prices moved lower today, after the Energy Information Administration reported an estimated inventory increase of 1.6 million barrels for the week to November 24. This compared with a ...Crude oil inventories in the United States fell by 4.383 million barrels for week ending October 13, according to The American Petroleum Institute (API), countering the large 12.940-million-barrel ...At current levels, U.S. crude oil inventories are about 5% below the five-year average for this time of the year. Total motor gasoline inventories declined by 2.4 million barrels, while distillate ...The EIA’s latest WPSR showed that U.S. commercial crude oil inventories, excluding those in the SPR, increased by 0.8 million barrels from the week ending October 20 to the week ending October 27.

Crude oil inventories in Cushing, Oklahoma, totaled 32.9 million barrels (excluding pipeline fill and stocks in transit by water and rail) in the week ending September 10, which is a 42% decrease since the beginning of the year. Crude oil inventories at Cushing are now 26% lower than normal, based on the previous five-year (2016–2020) …The weekly update on the number of crude oil inventories in the U.S. is one of the most important pieces of data regarding the oil market. Oil traders and analysts closely watch changes in ...Crude oil prices moved lower today, after the U.S. Energy Information Administration reported a sizeable inventory build of 8.7 million barrels for the week to …Oil prices have since risen sharply to nearly $100 per barrel following strong economic recovery post-lockdowns. As the economy grows so does the demand for oil. Moreover, rising geopolitical tensions between Russia and Ukraine and in the Middle East are stoking supply fears. This is contributing to rising inflation and concerns about …Tuesday, October 31, 2023. Tweet. Macquarie strategists are forecasting that U.S. crude inventories will be up for the week ending October 27. Image by Lemon_tm via iStock. In an oil and gas ...

Global petroleum inventories are the tightest for years in a sign the market is overheating, as the global economy recovers rapidly from the coronavirus pandemic and major oil producers refuse to ...We study the impact of the announcements released by the US Energy Information Administration (EIA) on crude oil storage every Wednesday at 10:30 ET (the …After a week without an inventory data report, the EIA reported a draw in crude inventories, but small builds in product stockpiles for the week ending June 24. Type your search and press Enter.…

Reader Q&A - also see RECOMMENDED ARTICLES & FAQs. Crude inventories fell by 3.8 million barrels to 463.3 million bar. Possible cause: The live economic calendar keeps you ahead of all market moving events in.